Egypt’s stock market closed Wednesday’s session on a broad-based upswing, as strong domestic buying interest propelled key indices higher and reinforced positive sentiment across the trading floor.
The benchmark EGX30 index surged by 3.38% to settle at 47,612 points, marking one of its strongest daily gains in recent sessions. Meanwhile, the EGX70 index, which tracks small- and mid-cap stocks, rose by 0.94% to 12,629 points. The broader EGX100 index also advanced, climbing 1.02% to close at 17,666 points.
The rally reflected a clear dominance of bullish sentiment, with advancing stocks significantly outnumbering decliners. Of the 217 securities traded during the session, 143 posted gains, while 46 declined and 28 remained unchanged, underscoring the breadth of the upward movement.
Trading activity remained robust, with total turnover reaching approximately EGP 8.56 billion. Market capitalization of listed companies climbed to around EGP 3.2 trillion, supported by the day’s positive performance across multiple sectors.
Local investors emerged as the primary drivers of the rally, recording net purchases worth EGP 780.8 million. In contrast, Arab and foreign investors moved toward profit-taking, posting net sales of EGP 72.2 million and EGP 708.6 million, respectively.
Market analysts say the session’s performance highlights a growing sense of confidence among domestic investors, who appear increasingly willing to re-enter equities amid improving expectations. The sustained inflow of local liquidity has provided a cushion against external selling pressures, helping the market maintain upward momentum.
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